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to be walking away from the negotiations that we've been engaged in here at the white house for a big deficit reduction and debt reduction package. we were offering a deal that caused for as much discretionary savings as the gang of six. we were calling for taxes that were less than what the gang of six had proposed. and we had -- we were calling for modifications to entitlement programs. this was an extraordinarily fair deal. if it was unbalanced, it was unbalanced in the direction of not enough revenue. nancy pelosi, harry reid, the democratic leadership, they sure did not like the plan that we were proposing to boehnor, but they were at least willing to engage in a conversation because they understood how important it is for us to actually solve this problem. and so far, i have not seen the capacity of the house republicans in particular to make those tough decisions. what a lot of the american people are so disappointed by is this sense that all the talk about responsibility, all the talk about the next generation, all the talk about making sacrifices, that when it comes to actually doing
"morning joe." now time for "the daily rundown". >>> big disappointment on the job front. employment stalled, unemployment rises to 9.2%, stock futures dropping big-time on the news. the president will address the numbers later this morning. >>> no deal yet, but president obama and congressional leaders will work all weekend and instead of barbs we're hearing words like "constructive" and "productive." optimism abounds as a deal is truly in the works. both sides seem prepared for seergs concessions. what do these jobs numbers mean and will they hold up a deal as it gets rid of a lot of other issues at this point? >>> and with outside groups set to pour millions into the 2012 race, what's an incumbent pro president to do? is fighting fire with fire the answer? it's friday, june 8, 2012. >>> also this morning, waiting the final shuttle launch. will weather clear in time? and we've honored a departed friend you've invited into your living rooms for decades. >>> this jobs report, we thought the big news today would be the debt talks, but a stunning jobs report, gain of just 1
more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
of more of the same big government as usual. not if it promises more of the same as banner under different party. >> that's the counter of a one-two punch. reminding voters that tim pawlenty backed positions that she fought and pawlenty threw the first punch in the fight. "instead of negativity, i want to focus on my accomplishm. i fought cap-and-trade agenda rather than implement it. i stood up against the bail-out rather than defend it." bachmann was responding to the weekend assault by pawlenty of lack of experience in the legislative branch. not withstanding the fact as minnesota governor he backed heifer for congress. >> i have executive leadership in a public setting, record of coy lampishment and result in difficult and challenging circumstances. she served in congress in that regard her record of accomplishment is nonexistent. >> three others near decisions to run or not. rick perry is personally calling to gain support in new hampshire and iowa. and being briefed on national and world affairs. sarah palin is on the cover of "newsweek" predicting she can win. no timetable on decisi
's analysis. labor big boss says the election season features sometimes a delusional president. if you think our president has problems check out his counterpart in iran. live from the studio in washington, this is "special report." good evening. i'm bret baier. we begin with washington's version of the irresistible force versus the unmovable object. president obama today said there will be no agreement on the debt ceiling if republicans don't budge on taxes. house speaker john boehner responded by saying that the house cannot pass a tax increase. the two sides met for another round of negotiations. white house correspondent mike emanuel has the latest. plus word of something that was apparently on the table for a while. >> trying to reach a grand debt deal, the sources say president obama offered to raise the medicare eligibility age from 65 to 67. there was also discussion of moving to actuarial tables deciding age eligibility rather than congress setting it. sources say there was no agreement because it was part of a package deal that mr. obama insisted also include increased tax revenues
of a short term budget deal in the bud. calls leaders back to the white house. define big. a fresh new hampshire poll out find mitt romney holding strong. both in the primary and general but michelle bachmann has made big gains. is it time for republicans to start rally ago rounds a single candidate? some leaders think so. we'll ask the head of the republican party whether he agrees. and look at these pictures. it's a massive -- this is real. not special effects. 50 mile dust storm. it envelopes phoenix, arizona. downed trees. delayed flights. cut off power to thousands. not rain, folks. dust. wednesday, july 6, 2011. i'm chuck todd. let me get to my first reads of the morning. the idea of a short term debt deal gaining momentum in the senate. president nipped that talk in the bud. >> heard reports that there may be some in congress who want to do just enough to make sure that america avoid defaulting on our debt in the short term but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. i don't share that view. >> the president's public s
temperature. and when you pile on the humidity, it's a huge difference maker. the big question people have is, when is this going to end? when can we expect some relief? the changes are going to come. we're going to see a lot of the temperatures begin to revert back to where they should be this time of year, into the 70s, the 80s, and some places in the 90s. but that's going to feel better than what you're going to get today. 99 will be your high, expected in new york today. 98 in boston. 102 in our nation's capital. 90s in chicago, back into kansas city, 100 in dallas. and the heat continues into the front range of rockies, the central rockies, and even back to the great basin. the big changes we're going to see, from the highs in the 100s and upper 90s, will come from the big dome of high pressure we've had, that's been over at least half the nation. we'll see this big ridge begin to break down. and when it breaks down, it will create a void, and then a frontal boundary will replace it. it's not going to be frigid, but it will take an edge off that heat in places like boston, chicago, and p
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
democrats are calling for a roll back for tax benefits for wealthy americans, big corporations. republicans essentially saying, they can't support anything that looks like a tax hike. so we expect the president to come forward in his remarks today and resume his calls for a big deal. he's going to say now is the time to seize the moment and we're going to have to accept some political pain on both sides. that's something that we've heard him say before. political pain for the democrats would be coming to the table over entitlement reforms, in terms of social security, medicare, and, again, for the republicans, political pain might mean tax revenues. so that's what we expect him to say, chris. he's going to say that they're going to continue to talk until they get a deal done. as you know, there's that august 2nd deadline looming large. a lot of lawmakers want to see a deal within the next ten days so that that deal can be scored by the do and sold to both houses of congress. chris? >> thank you very much, kristin. let's go to new york and luke russert, coverage of capitol hill.
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
find himself in the unemployment line. it's that big of an issue. new polling in four key swing states tell the story. over 50% of voters in ohio, missouri and montana say that they will be less likely to vote for president obama if he makes any cuts. that's any cuts to medicare/medicaid benefits. the same holds true if the president signs off on any deal that cuts social security. president obama will never win reelection if he loses 50% of the voters in a state like ohio. now, there is really good reason -- no good reason anywhere to put entitlement cuts on the table with numbers like this. this is mind-boggling to the democratic caucus right now. i know, i spoke to a dozen of them tonight at a function here in washington. republicans. they will never take it as a tried-off for raising taxes on the rich. eric canter made that crystal clear this morning. >> i can tell you one thing, we are united as republicans to say now is not the time to raise taxes. i have talked with the speaker. he is not for increase in taxes. >> we are not for any net new revenues right now. what we want to fo
this thing started last sunday. as you say, the president has said he wants this big deal but this thing broke up today, the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up leading to the real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another alternate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal? what is that negotiation based on? that's harry reid and mitch mcconnell. >> it's a little complicated but it would effectively raise the debt ceiling which would allow for spending cuts
for john boehner, i think boehner was exactly right, his instincts were let's get a big deal, the problem is he couldn't sell it to his caucus dominated by tea party who consider themselves patriots, but this -- >> six months ago you heard bill talking about it with stuart varney, said we shouldn't be raising taxes in a down economy. andrea. >> he's absolutely right. these crazy tea partiers that bob loves to blast every chance he gets have the same position that president obama essentially had in 2006 when he said we shouldn't vote to raise the debt ceiling and if we did it would be irresponsible so the president, big political issues on the line but i agree with bob in one respect, john boehner has real trouble within his conference. there are members of the gop caucus that have come out and said we're not voting for any kind of deal as long as it includes raising the debt ceiling so boehner does have to work with democrats. big challenges on both sides. heather: democrats bob certainly have a problem, a lot of them are saying no cuts to social security, no cuts to medicare, no cuts to
morning steve and alison big hello welcome back. >> thank you tuck. i experienced dry heat i will talk about it later in the show. >> we had something from another world over the weekend temperatures a little better today i want to stress, low 90s decent chance for scattered showers and thunderstorms could use those this is generally a good news monday forecast let's look at our satellite radar, again we will start with radar gain showers off to the south and east, heavy rain in spots across southern maryland during the overnight hours they had a flash flood warning, but you can see here in the immediate washington area, fairly quiet conditions there is a lot of haze and humidity in the atmosphere. temperature not comfortable, regan national, 81 degrees. 76 dulles, 75 at the naval air station and 75 hagueers town. partly sunny condition, thunderstorms developing later, highs upper 80s low 90s again our best chance of rain this week let's hope we get a little bit before sunshine returns tomorrow more details in the forecast in a coupling minutes lauren. >>> we are still dealing with two
been seen as the party of big spending in government. right now, voters are in a position where they want to see less spending. one gets down to specifics, they are more on the side of democrats. the paul ryan plan is very unpopular but the measures the democrats propose like increasing taxes on the wealthy and ending subsidies for corporations is very popular the democrats need to reach a credibility threshold on fiscal issues. they need to be willing to say that we need more government accountability. if they can agree to a down payment and get a boat on the record of cutting spending, it helps them reach that far. they want to move to a larger debate where the public is on their side about priorities and what is the next step. they want to from that republicans want to eliminate medicare for those under 55. they can cut some things that will affect the middle class since seniors but we want to end the subsidies for oil companies and the jets owners. if they can get bear rather than debate about cutting spending more or less, going into 2012, there will be a good position. hos
feeling. >> i can't wait to see you in new york. start that race together and give you a big hug at the finish line. >> sounds good. can't wait to see you. >> if you want to follow along with me or any members of the six-pack, logon to cnn.com/sanjay. thanks for being with us this morning. time now to get you back into the cnn newsroom for a check of our big stories. >>> this from the cnn center in atlanta, georgia, this is your saturday morning, k a.m. eastern time and i'm t.j. holmes. two developing stories. first the president summoning congressional leaders back to the white house for a saturday morning conference. this comes the day after the house speaker, john boehner walked out on debt talks. the president calling them right back. >>> also the developing story out of norway where at least 91 people have been killed in two separate attacks in norway. police there say these two attacks are, in fact, linked. still a developing story. we'll have the very latest for you live in just a moment. we need to begin in washington, d.c. with that looming deadline on the nation's debt.
, it actually has these built in very significant disincentives towards making big deals, towards working together. and we are now seeing the fruits of that evolution in the house in particular. let's talk about the house in particular. john boehner has been a very interesting figure in all of this. at one point he was walking in the back door of the white house and trying to cut a deal with the president. obviously, shamed out of that. so now he came up with his own deal and spent a lot of time last night bringing people in through his front door, recalcitrant republicans, to get them on board. is he wounded by what happened this week? is he strengthened? >> i think what happened this week is that we have seen how little leverage and how weak john boehner really is. you know, he has a leadership style that he has said, you know, after the top-down leadership style we saw with nancy pelosi, that he wanted to be a consensus leader, that things would come from the bottom up and he won his majority in the house because a lot of these freshmen ran specifically against the establishment and ag
ahead with a big deal maybe triggered in or staged later? >> i heard what the president said. i don't think business itself is bothered by the debt ceiling deal or no deal. i think what they may be bothered by is the uncertainty surrounding future tax regime that's going to be required to deal with these deficits. however, factoring into the negotiations what maybe somewhat helpful to the president in a slew of numbers that by and large are totally unhelpful is we're seeing the near term effects of cutting back in government spending. it cost jobs. not just in the government sector, but also in knock on private sector jobs as well. >> steve liesman with all the numbers and what that mean. thank you so much. good to see you, steve. republicans using the bad jobs report to scuttle any new taxes in a budget deal. joining me now virginia democratic senator mark warner a key member of the so-called gang of slight, slightly shrunk to five. still hoping senators working for months on ways to reduce the deficit. your quick reaction to the jobs report first and how it will effect the negotia
as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
is a big point of concern here. nancy pelosi was very adamant yesterday, saying that the republican caucus would not accept any deal that would cut medicare, cut social security. and remember, they're most likely going to need democratic votes to get this across the finish line because we're expecting any type of deal to extend the nation's debt limit will get a lot of republican defection. >> we just got the two-minute warning. we saw some activity from one of the staffers coming out to put president obama's notes at that podium. so i want to keep you with me right now to talk about what can we expect with the president telling everyone they need to stay in town, not go home, there's going to be work over the weekend, and that they're going to be in session next week trying to hammer this out? >> they're going to be in session next week. and we also got word the house will stay in session july 18th. essentially what you're seeing now, thomas, is some of it's political show, obviously, when people have to work on sunday that sends a message to the american people, you're having your day of
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
are the plans that won't happen. i think the big plan to watch is the senate plan that you were talking about that was unveiled today. republicans and democrats are negotiating around that plan tonight. i think that has momentum. speaker boehner's plan he unveiled has already attracted criticism from conservatives as well as some house republicans. so where we stand right now, i don't think you'll get a deal signed into law by august 2nd. i just don't think there's enough time because it takes so much time to move a bill through the senate. could there be a deal by then? yes. >> there's no question americans are completely frustrated that our leaders just can't balance our books. obama said tonight that the american people need to become more vocal. will that even help? are legislators listening? >> i think some people would be frustrated by both speeches. here we have the president of the united states who vowed to change washington. washington is very much as partisan as ever and the head speaker boehner also running against washington criticizing washington and these are the two big washin
wasn't serious about what is being called "the big deficit reduction deal." the three, to $3.5 trillion measure over ten years. officials here, i believe, would tell you that the issue is the tax revenue that the president says has to be a part of the package to keep it from being unfair to to make deficit reduction too big a burden on social security and medicare and other government programs. the president will come out here, i presume, and tell lawmakers he wants them to get a deal. because of course, what we are looking at is the august 2 deadline for raising the nation's debt ceiling. and there is no deficit reduction deal by then, we could presumably have a default, unless lawmakers agree to raise the debt ceiling without a deficit reduction agreement. something that republicans are reluctant to do. >> chris: we have been getting reporting from the house producer chad pegram, wendell, and he indicates one of the hold-up apparently is the gang of six, the six bipartisan, three republican, three democratic senators came out with their report this week which had revenue about $1 tril
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
. the big question today is, will they be looking at that medium-sized deal and will they have enough details to get something done? there is not a lot of certainty that they can cut that big deal. the president has said he cannot cut a short-term deal. they have to have a deal. there is a lot of uncertainty right now. it is all very unstable, very much up in the air. everybody is playing for their negotiating position right now. the president is using the leverage he has to keep up as much pressure as he can. >> jessica, i am sure you will be answering that question from that. >> john king is here. it is interesting. the president is going to be in the briefing room. he is out of the east room where there would be a dramatic announcement. this is just sort of a surprise in the middle of these tough negotiations. he has decided to go public to try to put pressure on us. >> i am not surprised. i find it interesting that before they go pack back to mee 2:00 in the afternoon, he is coming out of here to talk about the state of play. the president can go directly to the american people an
away a big problem in northern california. >> and it could have been another massacre at fort hood. how a store clerk foiled a planned shooting rampage. >> and by the end of the year, earth will mark a major milestone. we'll share that with you when we come back. ,, ,, ,,,,,,,,,,,, >>> live look at san mateo. everything is great easy ride into san francisco if that's where your commute takes you this morning. >>> an army sprite in jail this morning accused of -- private is in jail this morning accused of planning an attack on fort hood. naser abdo had been awol for weeks from kentucky. he was arrested in texas tuesday after showing up at a store to buy six pounds of gunpowder. that's when the store cherokee called the police. >> first red flag is when he asked cathy, what's smoke less should know if you don't know what it is, why would you buy six pounds of it? >> abdo was then tracked to a motel where people found weapons including a .40-caliber semi-automatic handgun and more than 100 rounds of ammunition. he is an american born muslim who was granted conscientious objection status th
. in fact murdock's empire is so big, i, myself, i remember when -- >> my question to you, mr. mcmullen, if we can stick to this -- because i know that you and hue grant -- >> i was by murdock. again, little sympathy for stars who take the money for a 20th century fox picture. >> mr. mcmullen can you hear me? >> analyzing their private life, it hasn't caused change. this week, laughingly, but when hugh grant turned me over in the same way that i had -- >> producers, can we stop this, please? yes, i would like him to be able to hear me, so we're going to bring him back after the break, because he's not answering my questions, that's paul mcmillan who's a former news of the world reporter, he says that that type of behavior has been condoned and encouraged at his newspaper and others. when we can hear me we'll bring him back right after the break. >>> a kentucky woman is told to stop speaking in court and goes after the judge, it's all caught on camera, you're going to see how it all played out. and if you haven't heard of southern california's one of the major highways is shut down
.5 trillion does not make any of the big issues go away. sooner or later republicans are going to have to swallow some revenue increases. host: what is the purpose of today's news conference from the president? caller: the purpose for the president is to set a delicate balance. on the one hand he wants to claim the political high ground, i assume, saying that he tried and pushed for historic bipartisan achievement. unfortunately, we will like it there. the reason is that republicans will not sign on to a bold, $1 trillion tax overhaul. so, he wants to show the voters that he is the big negotiator. everything that he said the revlon in 2008. but he does not want to poison the well to make these negotiations for the rest of the week. >> what is the main message coming from republicans going into this meeting? >> it would seem that their main message is probably going to stay the same period that we are for a big deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a differenc
of the united states of america. and the craziest part -- >> the u.n. wants to spend a big chunk of that money on things that have nothing to do with climate change in third world countries. stuart varney is here to weigh in on this. so where does this come from? where does the money come from and where would they like to see it go? >> where do you want to start on this one? this shows you how totally out of wack the global warming community is with american public opinion. what the u.n. says is this -- we need $1.9 trillion each and every year for 40 years in order to solve the climate problem worldwide and to reduce poverty and hunger worldwide. so they're bringing in poverty and hunger along with climate change. >> it's not all green. it's poverty, hunger and everything else. >> but you cannot eradicate poverty and hunger without going green because if you don't go green, you increase poverty and hunger. you got it? >> so where is this money expected to come from and how much is coming from the united states? >> ok, we contribute 22% of the united nations budget so theoretically, if this
a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
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